>> questions about america's leadership on syria, we stand alone. questions, too, about the president's leadership on the economy, a record number of people will not be going to work today. good morning, everyone, all right, as we head toward the long holiday weekend, the president stands alone on syria. as of now, foreign governments do not support military action and a growing number in congress demand a demand and a vote. the president leaves for europe and russia next tuesday, on the timing of a strike and on foreign policy, he boxed himself in. also, this friday morning, a snapshot of the workplace is emerging, it's not pretty. 90 million people are not working and a large majority of teens did not work this summer. the markets very nervous this friday morning, and "varney &

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>> two examples of the president's policy failures. and we're going to start with teen employment. only 32% of teens, ages 16 to 19 had had a job this summer, that's down from 52% in 1999 from a half to a third. next, a new report out shows that the labor participation rate hit a 34-year low. it means that nearly 90 million people are no longer in the work force. a record number. one hour ago, truly dismal number on what you are making, wages and salaries dropped .3% last month. it doesn't sound like much, but that's a big deal. in large part. it is the result of the shift to lower paid, part-time work. you add it all up and the president's economic policies are not working. got it. last day of trading before we

head into the long holiday weekend. three straight days, no trading. will there be news this weekend on syria. it affects your money. of course we don't know, but we will ask two traders if they're prepared to take the risk of holiday stocks in oil over the long weekend. and check this out. a golfer at a charity event in new mexico, and 150 yards, he hits a hole in one. and now, of course, they're cheering. you know why? because of the prize money. the guy got $1 million. great way to start a holiday weekend, i'd say. . [cheers] [ male announcer ] these days, a small business can save by sharing. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business.

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♪ ♪ i'm gonna love you for a long, long time♪ . [laughter] oh, yeah, but will invest holding subway for a long, long time like over the holiday weekend. that's the question we're going to be asking people today the friday before the long holiday weekend. a minute and a half until the opening day. come in scott shellady. are you going to risk investing and holding oil stocks over the holiday weekend? >> the consummate campaigner is

cornered. he went off teleprompter and drew a line in the sand and public opinion, with the british cohorts is ebbing away. whatever you own don't get out, but i wouldn't add to the position as far as stocks go. i tell i right now, the $100 puts in oil were popular yesterday and today and a lot of folks are going to think that it's going to blow over and oil is going back down. stuart: and that's the key contract, the price of oil drops, so you buy the put at $100 and make money if there's no action or whatever and the price of oil goes down. that's the most popular and most traded contract in oil right now? >> yes, it issen and the $120 calls and far away by the $100 puts. keep an eye on that. most of public think it's going to blow over and we'll head back down. don't go extra long stocks. stay with what you've got. if it's going to blow over,

we'll head to $100 oil. >> what was the expression in the corner? >> the consummate campaigner is now in a corner. stuart: i'm stealing it, stealing it. >> all righty. stuart: have a good weekend. here we go precisely 9:30 owner time and that means this friday morning, stock market is off and running, where to? i do not know. we're up three points, not a dramatic trend in the first couple minutes of business, but slightly higher. remember this, the dow is at 14-8. individual stocks, microsoft to start with in talks to invest in four square. and that's an app that lets you check into places and lets everybody know where you are. but, i think it's got 33 million users, okay? and it came on the market in 2009. the stock please, lauren. >> microsoft stock is down 1/2 of a percent, but stuart, microsoft is the only dow component positive for the month of august, up more than

5%, so, you know, you like that e i own it so i'm grasping at straws and i like that piece of news. stay with you, lauren. >> yeah. stuart: facebook, i know it's got an upgrade and i've got to believe that it's up today. >> yes, steeple nicholas upgrading facebook and that high was 4.42 cents moments ago, we don't typically talk about upgrades and down grades and price targets, but people are giving it $50 a share. and that's-- >> it's worth reporting an upgrade because it's kept the momentum of a stock that's pretty much in the news. and kept it going and it's close to 42 a share this friday morning. thanks very much, lauren, back to you shortly. i want to move on to defense stocks, on the rise since the spring. and lockheed martin is up. now, remember this, ratheon is

up this morning and lockheed at 122. up 40% since the spring. do you remember when christie -- krispy kreme was up over $100 a share. >> they're down 8.3%. 21.31. they're reported earnings profits, missed expectations, and they reduced their guidance for the full year, stuart, same-store sales were up 10%. and that's a good piece of news, right? >> i think it's a pretty good performance. >> i'm not going to give a commercial, but they're good. >> go there. >> and dead flat market, okay? i mean, really dead flat. down .7 on that, down one point. and we're going to get back to syria, bringing john layfield. and we asked this question of scott shellady.

if you hold stocks long over the weekend, you take a risk of something happening to your mo money and in syria. are you prepared to take that risk? >> yes, i am. if you look at the history of interventions from the first war, and to the current problems that we've had in the middle east. everything has been sell the river buy the news. and the news is when does it happen? and that's what you look for. look the first day of school is right after labor day when the markets can't get here and see how the markets react to this news. i think the problem that we have, is the old one. the $100 put and the popularity of that right now is huge because oil prices usually swoon after labor day. if they don't, one thing on syria and russia wants a permanent naval base in the mediterranean and lost it in syria and probably going to put it in egypt and adds to the tension in the middle east. $100 oil is a key measure. stuart: i just think it's interesting that the betting in

the oil market is that the price of oil goes down this weekend. because maybe nothing happens with syria. but that is the bet, the most popular bet on the commodity market at this moment. and you're telling me, you are prepared to take the risk of holding stocks over the weekend. that's interesting. i'm running out of time and i've got to get to this. the mcdonald's in bankrupt detroit was closed yesterday because of that $15 per hour fiat wage that they staged a strike. and bankrupt detroit's mcdonald closed. what, have you got anything to say about this $15 an hour fast food wage? >> this is unbelievable, stuart. it's so easy for the unions and politicians to go after multi-billion dollar corporations, these ceo's, who this has nothing to do with mcdonald's. they don't control the franchise wage scale. so you have mom and pop stores that are affected by this. less than 5% of fast food workers are affected by minimum wage. the average minimum wage worker

in the united states, the family brings in $53,000 a year, and this is a grab and they're trying to get it through the minimum wage argument. stuart: relax, john, you've got the beach behind you and you'll be there i'm sure. >> yes, sir. stuart: he's in bermuda. great weekend to you. the top of the hour we've got the man who wrote the book on unions. and does he think this administration is going to cave to the recent union demands for obama care changes? he's coming up, top of the hour. a big question on obama care. two people on this show this week said, we're going to have a double dip in the real estate market. team investment's tonya is with us from phoenix. you don't believe that and don't see a dip in the real estate market. but do you see a pause where prices stop going up? >> i see steadying. here are the facts when it

comes to the real estate market. prices are still 23% off the peak from 2006. pending home sales, although they were down this month, are up 6.7% from last year. when you look at these facts. credit is it loosening. and that's going to bring the regional banks back to life where first time home buyers can get back in. it's still more expensive to rent than to buy. there is not going to be a double-dip recession and we have a lot of products that haven't hit the market that needs to. this is a stable real estate market and these bumps, not head wind that we're seeing, are good because it means there's checks and balances. stuart: i'm laughing because you get so serious when i appear to attack your business, or to talk it down a bit. but wait a second, wait a second. aren't you seeing a slowdown of investment money into the real estate market and investment money is pushing up prices?

>> actually, for boots on the ground me, we are working with hedge funds because they're liquid and buying again, and buying at 90 cents on the dollar. two years ago when we worked with the same hedge funds, they were buying at 70 cents on the buyer and they pumped up their buy price and buying 97 home packages. no, the investor money has not slowed down. regular you and me investors should not slow down either, we need to buy smart. stuart: we need to buy from the investments real estate. look, i'm just asking questions here, i mean, a lot of people are saying that, you know, this real estate market, single family homes, up an average of 12% over the past one year period and maybe it's going to start to slow down because mortgage rates are up. maybe investment money is slowing down, as it comes in. single families, what i'm saying is first time home buyers, a lot of them can't get

loans, and i put those questions to you, and you straightened me out. i'm going to give you the facts, stuart varney. >> 'cause i know you like facts, mr. varney. [laughter] i don't mind, go on. >> and here is where my frustration point comes in. so many times people are motivated by fear and they need to be motivated by facts instead of fear and the facts are, housing is a huge driver in this economy right now. instead of tearing it down, let's figure it out and understand that stabilization is going to happen and when you look at any financial market, i don't care if it's housing or other, stabilization is a good thing. >> how many people have you got working for you these days? >> a lot. >> a lot. [laughter] e. stuart: how many cities in america are you operating in? >> about 19. stuart: and shall we let our audience realize that we created this growth for you? >> i give you so much credit, you don't understand. stuart: i want all of the

credit. have a great weekend. >> thank you very much. stuart: thank you indeed for joining us again. good luck to you. >> thank you. stuart: check the big board, it's a flat market. i wonder who is actually going to buy, seriously, get in there and buy stocks in advance of a three-day weekend when we've got syria hanging over the stock market and the oil market. are you going to do that and jump in heavily? a lot of people say that trading volume is extremely low. 14-8 where we are. and no decision on keystone until next year, we know that and now we've got the environmentalists saying that pipeline is a threat to wildlife. a former pipeline regulator. yes, they exist. do they think that the pipeline will never be built? he's on after this. ♪ the power of love ♪ clients are always learning more

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>> 18 points down for, 20 points, 19 points down for the dow industrials on a friday morning before the long holiday weekend. i'm not calling that a trend. the price of gold, oh, down below $1400 an ounce, 1395. check the price of oil, $108 a barrel. and they've reached 110 backing off only 2 bucks, not much. our partners at the wall street journal that ge plans to spin off the lending operation and focus on the core industrial. not a bad move, up 1%.

ge right there. $23 a share. now the interior department have warned that that keystone pipeline could have both long-term danieling effects on the wildlife near the proposed route and that contradicts that the environmental damage will be apparently direct. and one more delay and i say the keystone is flat-out dead. let's bring in brigham. you're a federal pipeline regulator, i don't think we've had one on the show, but you're it, sir. now then, my opinion is that, is that i think this dead? they're never going to approve this thing, do you agree? >> i disagree, i think it's getting approved. >> really? you think that the president will overrule the environmentalists and say, this thing is safe and the environmental damage is okay, and the damage to the wildlife is okay? you say he's going to overrule

the environmentalists? make your case. >> first of all, there's been a lot of rhetoric back and forth on both sides of this. keep in mind the president approved the keystone pipeline ap approved half of the other keystone xl. the question to be asked at the end of the day, is this pipeline in the united states national interest, and when you pull all the rhetoric aside, clearly, it is. stuart: well, you're a pipeline regulator and you were very much concerned about pipeline safety. i presume that's safety for the environment and safety for wildlife. are you telling us that that pipeline would indeed be safe despite the objections we've just heard from interior? >> look, absolutely. that pipeline is going to be safe. i think it looks at the project and it's been studied for four years, we've had multiple environmental studies that say it's going to be safe. this oil is going to get to the market and as a former regulator of hazmat, air, rail, pipe, sea and pipeline, i can tell you after looking at the

project, it's in our interest to build a brand new state of the art pipeline and have that oil on it. stuart: why he, but you were that chief regulator in an administration that nt with a-- wanted to get out there and get at north america's reserves. the policies shifted with this administration that doesn't want to exploit fossil fuels. i put it to you, you're grinding your own political ax, i'm with you, believe me, i want this pipeline built, but you're not facing the political reality of the obama administration. >> well, first of all, i was actually appointed by secretary norman ma netta, a democrat. and you're right. as a former regulator i don't have a political position. it's all about the data and facts and science. ultimately, whether people are pleased or not. president obama approved similar projects and going to end up having to approve this one especially as we get into 2014 election season with moderate and centrist democrats

are going to face a lot of heat over this. stuart: can you weigh the safety of pipeline. >> they're extremely safe and the united states has one of the most mature transportation and energy infrastructures in the world. that being said, there's a reason why pipeline has been the go-to medium, if you will, transporting the lion's share over the last 50 years, because the pipelines are generally kept away from people, they're underground, they don't interact and when it comes to the safety record, pipelines do have an edge. stuart: okay, we're very happy to have you on the show, you know what you're talking about. one last one though, fracking, safe for ground water or not? >> i believe it's safe. because in america we have been doing fracking since the 1940's. if done properly and regulations are in place, it's extremely essential when the cap goes through. so long as the safeguards are

pursued, you know, we need the natural gas and frankly, we have more natural gas than saudi arabia has oil and it's leading to and manufacturing renaissance in this country and i don't see us looking back. stuart: music to our viewers' ears, you, sir, will be back, seriously, thank you very much indeed. you do know what you're talking about. >> my pleasure. stuart: all right, a dead flat market. we're down 2.98. that's not a trend. now this, disaster coming to new york city and there's really no way to avoid it. my take on that is next. ♪ the heart of rock and roll is still beating♪ from what i've seen i believe them♪ ♪ the obo may be barely breathing, but the heart of rock, heart of rock and roll is still beating♪

>> richard trumka, big labor, big supporters of the president. and he says that obama care is still a mess. we've got a union defender joining us to talk about trumka and obama care at the top of the hour and plus, 4500 retired nfl players that get to split 3/4 of a billion dollars. huge concussion settlement.

some people say the players got hosed. for four years we tried president obama's class warfare and that policy has not restored prosperity, but it has divided america like never before. now, the policy is coming to the local level. here is my take on new york. a disaster is shaping up in the big apple and don't think that you can avoid the consequences wherever you live. and bill deblast io is the latest, he's obama care large, tax the rich more, beat up the banks and wall street because everything is their fault and perhaps, worst of all, roll back the charter school, and teachers hate choice.

and the disgraced former governor of new york, eliot spitzer is running for the comptroller job and will probably win. he's another beat up on wall street. do you think you're going to get america moving if the regulators take millions in fines from the banks? will that give us a functioning financial system? no, it will not. and let's not forget item number three. that would be current new york attorney general eric sh snyderman, he's out there on the far left and only goes after republicans and president obama's opponents like donald trump. gee, what's he done about democrat jon corzine and the missing billion dollars? in the not too distant future, the anti-capitalist left will be running the world's financial capital. that's a disaster for everyone who wants a prosperous america. please, spare a thought for those who have to live here. a lot of us want to move.

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>> painted himself into a corner. >> drew a red line, and to the words of the senator who said the president put us in a situation where we have to do something. he said that conference call said the administration hosted was an hour and a half hosted by secretary kerry trying to make the case for them for intervention, and on that note, the secretary came across right now, will make an address at 12:30 this afternoon. >> that's important, but there's a time frame important here. president obama, i believe, leaves for europe and russia, the g20 meeting tuesday, and they can't go over to europe as he launches the missiles without support. that puts a time constraint on him, doing something before he leaves tuesday, how is that? >> that does, stuart, but he wants the support of congress and the support of the british and more people in the european community. he's in a tough spot. >> we'll see what happens this

weekend. rich edson, thank you. back to the markets, down 25 point for the dow, not a strong trend, but, lauren, salesforce.com is a bright spot, in fact, thee brightest for the s&p. what's going on with that? >> shares up 12.5%, and sales force provides software to companies, and they said their profits and revenue in the latest quart beat expectations, raising the outlook for the year, and expected to surpass $1 billion in quarterly revenue for the first time in quarterly history in this quarter. it's bold. >> 12% gain is pretty good. all right. we covered syria, brought you up to date, covered the markets, up to date on that, and now the overall economy. i have to tell you the president has just hit another low in terms of his economic policy. look at this. only 32%, 16 to 19-year-olds held a job this summer. that's a very low number.

look at this. it's down from 52% back in 1999. charles, we've gone from a half of all teens working this summer to a third of all teens working this summer. that's not good. >> it's amazing. i've been talking about this for a while, and, you know, the numbers prove it out, and, you know, here's the thing. you have -- a 16 and 19-year-old gets the experience, get up, the feeling of getting up, obligation, responsibility, punching the clock, paid for it. data, and people say tees antedotal, but that points to a younger generation not being prepared for adulthood, not prepared for accountability. you know, earlier this week, numbers were out, single men living alone have skyrocketed in the last six years, skyrocketed in the last year. marries couples without kids skyrocketing. in other words, just a society that's afraid to take on any challenge. >> you had a job as a teenager

in the summer, didn't you? they taught you how to count change? >> oh, that was the best job. hoover brothers. taught me how to make sausage, count change, and just watching him, being inspired by him, and -- >> i bet you had to get to work on time every day? >> absolutely. >> couldn't be late? couldn't, you know, couldn't leave early for some excuse? you worked? >> you worked, but i enjoyed, goodness, i loved all my jobs. because of the circumstance, i'm the oldest kid, i always had to work. even when i didn't have an official job, i would get prepare towels, win kicks, clean, and things like that. always had to hoses l, work, and help the family making me a better man. >> i delivered milk at the age of 15. that's what i did. i was a golf caddy on the weekends teaching me how to golf. >> nags, though. >> you need it. you need it. you got to be grounded in the workplace, discipline of work.

earning money. it is very important. >> the idea of being obligated to others. >> right. >> i think, you know, a lot of people, i -- i've hired young people, and they said, well, i thought even though you said to be in at six, i thought 6:20 was okay. i didn't know it was black and white. are you kidding me? the number is the number. are you -- this is real life stuff. >> yeah. we're not going into the reasons why it's happening, but i think it's good to just paint that picture of a teen years where we are not going to work like they used to. >> if you don't go into y one thing, what's happens as a result of it. >> we do. >> young people coming up are not prepared. >> you talk about that a lot too. all right, charles, afl-cio president, top labor boss, close friend of the president, and he says, obamacare needs fixing. >> inadvertent holes in the act when the act was put together.

it was not thought completely through. >> the latest problem for the unions is the cadillac tax, a provision in obamacare imposing i believe a big, 40% tax, on expensive and generous health insurance plans. between that and the trend towards moving the work force towards part-time work, unions are not happy. they don't like this. here's phil, a union defender, the author of the book "state of the union," and, phil, i don't want to fight with you because i don't think there's a fight here, but i ask you, richard trumpka says there's the part-time work and cadillac tax that taxes the benefits union guys get. do you think that richard has enough pull, clout in the obama administration, to get changes in those two areas in obama care? >>ed good morning, stuart. glad to hear we discovered something in common. i was a golf caddy.

look -- i'm glad you went back to 1999 for a high teenage employment after eight years of bill clinton. that was a good bench mark. >> yeah. >> look, you folks have always over estimated the pull, as you put it, of labor in the obamaed a mrgs. they are not hand in glove. there's been a lot of acrimony behind the scenes, and i argue in the book that one of labor's biggest mistakes is to wed itself too closely to a particular party. no, i don't think they have as much pull as people on the outside think. >> you don't think, on these issues, part-time work and cadillac tax, doesn't force changes from the obama administration? >> if this was a bill clinton, a hillary clinton, traditional democratic administration, there's a better chance, but barack obama has never been that close to labor, again, despite what the right likes to say. labor's regarded as an important

interest in the democratic party, nothing more, nothing less. i don't know how much pull they will have, especially with the president not facing reelection where he needs the ground troops of organized labor. >> if i'm not mistaken, the membership in private enterprise, union membership within the private sector is falling sharply. i don't know the percentage, but it's done. given that, it seems to me this cadillac tax is a real hit to unions because if you tax the generous benefits you get from the union membership, what's the point of being a union at all? >> well, it's a fair point. the membership's 6.9% as you pointed out correctly. it is falling. fifty years ago, it was 37%. it's a fifth -- a sixth of what it was. you're right. oarnd, if -- on the other hand, if this works well, one effect this has is sort of take -- right now, the

centerpiece of almost every collective bargaining initiative is health care because it's so expensive. if that is removed, that is eventually required of mandated for everybody to have. that can be taken off the table, and then labor and management can really negotiate about what they should be negotiating about, which is safety, benefits, wages, and so on. >> but why did the unions back obamacare so heavily, and they did, i mean, come on, phil, they did, they backed it to the hills. >> you're right. go back to the original plan, you know, labor invested so much in the election of this president, in 2008, and this was just major initiatives, and, yeah, they support the it. they partly supported it because they wanted him to move on to their priority. you know, things kept getting in the way of their priority, the employee free choice act, that would have leveled the playing

field as far as organizing to reverse that downward trend you pointed out. first, what he did, he had a fix the economy, granted, an important thing, fix the auto industry, and then he went to health care and labor chased quietly supporting him saying, at some point, please get to our priorities. they supported this, a, because they supported it, but, but, they wanted it done so he'd move on to what he promised labor he would do, which is reform labor law in the country. >> i think the unions are getting desperate, actually, but, all right, phil, that's another time. phil, thank you for joining us, sir, appreciate it. >> thank you. >> one moment, charles, you've been looking angry -- >> the fact of the matter is it was hinted loudly and publicly that the cadillac plans would get a free pass when it was put together. >> they got to 2018 before the cadillac tax is imposed on -- >> right, but what he said is, listen, all the sudden for them, they can't believe, you know, the plans are being, you know,

cobbled in, and they are not given a free pass when it was suggested the unions would get goodies from this. >> we could run the nancy pelosi bite. we have to pass the bill to see what is in it. >> charge ten centss every time -- >> i think it's the most popular, not popular, but most run sound bite in history. stock of the dais is facebook. up again? >> 42.26, up almost 1% now. raised a price target from 38 to $50, but now we know why. listen to this quote from the analysts there. the earnings from the second quarter are not an isolated flash of brilliance. we believe the upside will last a year, perhaps, longer. that's positive for facebook. >> affect, you -- of course, you know, facebook is safe over the long holiday weekend if something happens in syria, i would imagine facebook

would be out of the parade. >> that's an excellent point and unlikely correlation for a lot of people. >> thank you very much indeed. interesting stuff on facebook. now the nfl. it has settled that player concussion lawsuit settled for three quarters of a billion dollars. now, obviously, that sounds like a ton of money, but there's some people who are saying, it's not a ton of money, it's not enough. we'll deal with it after this. ♪ my mother made the best toffee in theorld.

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>> up next, a democrat pollster on the president's failed agenda. we'll deal with that. first of all, here's charles. guess what he says we can make money on? go ahead. >> groupon. >> groupon? >> groupon. it's controversial, and i'll say up front that it's higher than normal risk, okay -- >> they just flood you with e-mails. >> yeah, but i got to tell you, you know, remember, this stock was -- it was up significantly

higher in november 2011. >> sure it was. >> i think they are timely getting the act together. they tried to rewrite rules of accounting, just sloppy, a terrible mess. >> did they have an accounting problem? >> i think they had a problem in the sense, you know, try tried to pond out of accounting that was legit saying no accountant in the world -- you could say it was almost illegal. they had a public relations facebook's public relations issues. it's fading a bit. terrorist a momentum stock, a stock that we wrote off. it's a year of redemption; right? best buy up 200% from the low, game stop up 200% from the low, netflix turning around, facebook, year of redemption. i think these guys break out to 11 off to the races. it is a high risk play, but i think you can make a lot of money if it works out. >> worth watching. >> absolutely. >> day traders like that thing. >> i know you'll hold me to this one.

>> oh, yeah. the nfl reached a settlement with retired players on con cushions paying out three quarters of a billion dollars, paying off 4500 players suffering from some sort of concussion-related problems. sounds like a lot of money. it is. it averages to $170,000 per player. let's bring in sports agent, doug eldrudge joining us from baltimore. all right, doug, sounds like a lot of money, but i have a lot of people saying the players are hosed, and you represent players. here's the number i'm hearing that between now, and i think it's 2022, the tv networks will pay the nfl $28 billion, and you only got $170 per player. sounds like these guys got hosed. what do you say? >> ha-ha, if "hose" is a technical term -- i think we have to look at if from a numbers' standpoint. the league does roughly $9.5 billion in revenue a year,

number one. number two, two-thirds of the 32 teams in the league are worth the minimum of $1 billion with the cowboys being the number one at roughly $3 billion in value. if we simply do the pen-and-pencil math, that's less than 10% of annual revenue for the total payout of this settlement, and in that context, it's less than you pay a waitress for a meeting. >> don't you represent the players? you do, don't you? >> we do. i say that from -- >> from the outset -- >> well, you have to look at the needs, number one. if this was a punitive answer, the measure is no. the flesh would have landed at $2 billion on the table had this gone deeper in litigation, and had we got into the discovery process, which, at that point, you would have revealed presumption fraud and concealment, to the likes the players allege.

that requires time, years, and additional funding to get there. the nfl, comparatively speaking, has a massive litigation of war chest. by contrast, players are really suffering right now. when you look at this deal, it's front loaded. $382 million paid out in the first three years, and there's a lot of guys, former players, that have been living hand-to-mouth, trying to make medical kills, ect.. if we are honest, no, it's not a lot of money. we are jaded with monopoly level of money of a billion. >> here's the problem i have. there's a union of current players who seem like they don't care for the former players. if the current players stepped up and took care of the guys you talk about, then everyone could have made a lot more money, but the current players, and perhaps overwhelming greed and not caring about the guys laying ground work for them because that's been the real issue all the time. current guys not wanting to help guys who are already retired

overcome the hurdle. you were suckered in, divided, and conquered by the nfl. >> well, i think on some level you certainly make a valid point, but some of the players we work with is a complicated concern. at the time, they fought for their own agreement, the likes of which covers their grievances, ect., and how the agreement is written, the retired players, charles, had to fight for themselves. it's not that current players don't have an interest or appreciation for their predecessors and those who laid the ground work so accurately, but the fact their hands were tied by virtual of the negotiation at the time. i wouldn't go to say it was a blatant disregard r those who came before them. >> well, the deal is done. the season begins this weekend. i think that's right, isn't it? this weekend? >> next couple days.

>> thursday. it's a profitable league. doug, thank you very much for being with us, and helping us cover the story. it's a difficult one to cover. doug, thanks a lot. appciate it. >> vvry complex. >> it is. >> thank you, nice to be here. >> syria, economy, obama care, up next, democrat pollster on the president's, i call, a failed agenda. the boys used double miles from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actuay use, you never miss the fun. beard growing contest and go! ♪ win!

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>> are we going to call this a trend? very, very slim trading before a three-day holiday weekend, down 29 points. not exactly a vigorous down trend, is it? well, let's get to the presidency. no definitive answer from him on syria, blogged into a corner, and economic policies, well, they just don't look good, and obamacare, some parts of it delayed. all of this and the president leaves for europe next tuesday. come on in, former adviser, doug shone, joining us from arizona. too strong to say it looks to me like a failure of leadership on syria and the economy. too harsh? >> well, on syria, you're exactly right. i mean, given the vote of the british parliament yesterday, the uncertainty about what we're going to do, if we're going to do anything, looks to me like it's a failed presidency. in terms of the economy, with

2.5% economic growth yesterday, stuart, that's tepid. that's not striking me as complete failure, but it's certainly not robust growth there either. >> okay, concentrate on syria for a second. >> sure. >> he's painted himself very much into a corner. i think there's a time constraint here because he leaves for europe and for russia next tuesday for the g20 meeting, so it's now friday, midday, just about, you got until tuesday morning, looks like he's got to do something, yes or no, within that time frame? he cannot fly off to europe and let lose the missiles as he's flying to a group of people who oppose letting the missiles fly. it's either do something or do nothing over the next three days. >> well, i couldn't agree more. if e -- he does something, lobbying missiles doing harm to a couple military installations, i don't

think that's going to be much of a response either given the comment about red lines slightly more than a year ago. stuart, the other point i would make is he's going to russia as well, the g20. bottom line, i think the winner in this whole geopolitical struggle so far has been putin. >> now, if the president went to congress and got approval, sought approval for some kind of military attack on syria, do you think he'd get it in >> i'm not sure, stuart. i would say given the opposition from the left wing of the democratic party and right wing of the republican party, i think it's very much an open question, especially in light of the vote in london yesterday against military action. >> the overriding shadow that clouds everything here is the iraq war. that's why the british parliament essentially said, no, david cameron, we don't want to support you in lobbying missiles over into syria. it was a shadow of iraq.

i suspect it's precisely the same thing in the united states. >> oh, i'm sure you are right. it's the shadow of iraq, but it's also, as you were, i think, eluding to -- alluding to in your introduction, stuart, failed policy in the region. it's not like we had success in egypt, alluded to iraq, weapons of mass destruction, the outcome, and the iranian nuclear option is still on the table, so, bottom line, stuart, failed policies as far as the middle east goes, i think, is a fair characterization. >> now, if there's failed policy there and president's negatives on syria go up, does that roll back on to obamacare and domestic policy? does he lose political traction on domestic policy because he's lost it on foreign policy? >> well, let's just say, stuart, obamacare is a clear net loser. the president has only one ace in the hole where domestic

policy is concerned, which is a divided republican party that, at least as far as i'm concerned, is overreaching in terms of a desire to potentially shut the government down over defunding obamacare or not increasing the debt ceiling. i think that's overreaching stuart, and i suspect you agree with me. >> don't pull me into that one. i want your judgment, though. if the part of the republican party says, shut down the government, as stopping obamacare, do you think that unravels the republican party and support for them? >> absolutely. i think the american people want to fund the government. they want to increase the debt ceiling to pay our bills. they don't like the spending. they don't like obamacare. they don't want to go through what we went through in 2011. they understand that's a loser for america and most of all, their own pocketbooks. >> remember, it is the president

who is saying i will not negotiate on the debt ceiling. it is the president who is saying, either raise tax revenue, or redon't do anything. he's the one saying no negotiations here. >> and i think he understands he's unpopular, but the polls, the republicans in congress, congress, generally, and the republican leadership, boehner and mcconnell, are more unpopular than an unpopular president. >> doug, go back to the pool. >> i will indeed, stuart. thank you so much. >> thank you very much, doug. the yosemite fire rages on, 200,000 acres burned so far. fire crews looking to take advantage of somewhat cooler weather trying to get the blaze under control. of course they are. however, how much is this going to end up costing just fighting the fire? a former fema director will give us a number and reason for these fires in a moment. ♪

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♪

stuart: sandra smith is with us from the cme and chicago. the big bad in oil prices is that they go down. sandra: absolutely. $108 per barrel. the concerns have eased. when you get prices this high, what do the big oil production nations do, they ramp up production. you get more oil onto that market and lower prices. connell: the big trading is for the $100 contract. that is the bat that prices are going down. >> people find the right to sell crude. that is a very bearish bet. if we were to actually see the fed paper, you get a stronger

u.s. dollar and a weaker oil price. there are a lot of bearish fundamentals building up in the oil market right now. stuart: the market seems to favor prices going down. >> that is absolutely right. they are buying the right to sell oil at those prices. they are betting that prices will go down. not only that, this is a sign that the traders are anticipating a lot of movement in the market. a lot of volatility. heading into the next month maybe a good time to start looking at those energy prices. stuart: i bet you are sorry you left the trading floor as a traitor, aren't you?

sandra: i get the best of both worlds. stuart: salesforce.com. it leads to s&p. solid profit, solid market. the yosemite fire, no sign of slowing down. it is now burning about the size of new york city. mike brown joins us now. the cost to fight these fires, it keeps on going up. is the fire situation getting worse? >> i think that the fire situation are getting worse. environmentalists are keeping us from going in and doing some thinning out.

that is messing with mother nature. congress does not have the ability to do predisaster mitigation. in other words, they would rather spend money when prices hit as opposed to spending money ahead of time. they just cannot see their way to doing that. they just blow up into extraordinary proportions because we have not done the things before hand to minimize these fires. stuart: they say it is because of climate change. >> that is a bunch of bull. the fires have existed in the united states since the beginning of time. they will continue to exist. the fuel that is already there is more combustible.

we have not allowed these fires to burn naturally. we have not cleaned out the thinning areas. when the fire ignites, we have property damage. stuart: isn't there a lobby that says we cannot go on like this? is there not a strong lobby when you are paying over a billion dollars to fight these fires? >> the natural way of doing these things were these fires, they would ignite and it would naturally clean out the fuel.

there are places in colorado where we have had major fires. you come back three, four, five, ten years later, these places are even better and they are less likely to catch fire because of these natural burns. stuart: thank you very much for joining us, sir. how about this, locked out of your apartment, it turns out there is an app that will help you out with that. i will find out how this works in a moment. ♪ ♪ [ male announcer ] imagine this cute blob is metamucil.

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♪ speak to consumers pull back on spending last month. it is probably related to another dismal number. the tooth fairy getting generous. kids this year are getting nearly four dollars per tooth for the price.

the number still remains a legal under federal law. next, locked herself out of the house? fear not, there is a way to get you back inside. we will deal with it next. ♪

stuart: frustrating getting locked out of your house, your car, your office. my next guest says the new app will allow you to not have that happen again. greg, you have 20 seconds to tell me how it works. i have a smart phone. i have your. i have lost my cell phone, what do i do? we can pull all the information about your key and store that information. if you ever need a physical copy, there are convenient ways to get it. stuart: i lost my keys, how on earth do you have a digital copy?

stuart: let's suppose i have your app in advance. >> you can walk into a regular mom and pop locksmith. currently, and set up a $150 for a locksmith to come to your house. stuart: i have to go to the locksmith. you have the guys driving the bands charging hundreds of dollars for very little work because they can. you have hardware is and locksmith who make a lot of keys and do a lot of work. for those people, we are

enabling them. stuart: i have to find a locksmith who is in the system. >> correct. stuart: the digital copy of my keys cut in the cloud? >> corrects. stuart: if i lose my smart phone and somebody steals it, can't they steal keys to my house? the benefit is if someone steals your phone, there is no information that is coopromised. stuart: i find a locksmith. i drive all the way over there. he says here you go. i will give you a real key. to get back into your house.

how much does he charge me? >> 95% below what a emergency locksmith would charge you. you pull up instructions. he will typically charge you another five dollars to make that key. stuart: i do not like following instructions. i am not very good at that. it really puts me right off. it is not exactly user-friendly. >> scan your key. it takes a few minutes. stuart: i have to drive to a locksmith and hope that he participates in the program? >> we have already saved our user base over $10,000. it is an incredibly valuable thing for our users.

it is completely free to scan your key. stuart: you are only two weeks old. >> two weeks for the app. stuart: is this your first appearance on television. >> one of the first. stuart: it sounds great. i think you can improve it and i am sure that you will. thank you so much. the irs says no matter where they live, same-sex couples will get a federal tax break. will that cost a lot and refunds? we will discover that in a moment. ♪ [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises?

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♪ stuart: same-sex couples now equal. you can read file your taxes going back three years. that is regardless whether the state they live and recognize gay marriage. elizabeth macdonald is here. >> they can get a refund going back three years.

the argument is that gay couples have been paying a lot of money into the treasury. that is the issue. they have been paying taxes on health benefits, in heritages. you know what, the government should not be taxes during all of that. that is the argument forward allowing this. stuart: would it not make sense for a gay couple to go to a state, get legally married where they can, come back and live where they used to live and then read file their taxes going back three years. >> yes. that does make sense. there is a big fight that the president has overridden the

states rights. the social security administration has said, still no benefits to same-sex marriages in the states that do not recognize gay marriage. that is interesting. stuart: federal tax benefits on a national basis. >> yes. that is where it stands right now. coming up next, your weekly highlight reel. ♪ ure miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it a few taps, and...it's taken care of. this is pretty easy, and see it works on hotels too. you bet. now if you like that, press the red button on top. ♪ how did he not see that coming? what's in your wallet?

like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone on the plan, unlimited talk and text on smart phones. now, everyone's in the spirit of sharing. hey, can i borrow your boat this weekend? no. [ male announcer ] share more. save more. at&t mobile share for business. ♪ at&t mobile share for business.

when you do what i do, iyou think about risk.. i don't like the ups and downs of the market, but i can't just sit on my cash. i want to be prepared for the long haul. ishares minimum latility etfs. investments designed for a smoother ride. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives,risks, . read and consider it carefully before investing. risk includes possible loss of principal. stuart: yes, it is friday. here it is. the highlight reel of the week. ♪ >> $25 million, yes i would. i can still play the game. >> my sisters and my friends tease me in high school i was a

virgin by popular demand. stuart: tell me, tell me you think i still have a pure british accent? >> i think that navy blue is always a pretty color for men. you can use that in your accessories. whether it be in your man bag. ♪ stuart: i did not like the man bag fits, but i thought the guy with the sound effects and jerry rice were terrific. here is connell. connell: that was my favorite, actually. by the way, in about ten minutes, we have a story about how you are not crazy. first time we have ever gone down that road before.

one of the comments we made fun of you for, turns out you were onto something. have a good weekend, stuart. will america go at serial alone? we have new information. that is where we will start today. then, sending a message loud and clear. tylenol rolling out new warning labels. plus, it does not sound like a real box office barn burner. bernanke in the movies. we will have all of that and much more coming up in this hour of market now. ♪ connell: good to have you with us on markets